My “Obsession” With Cryptocurrencies

For several months, I’ve been on the soapbox preaching the virtues of cryptocurrencies.

I’ve been so bullish on them that I’ve even received letters from subscribers calling me “obsessive.”

And that’s fine. I understand why it may seem that way to you.

But consider this…

I had to drag my retail clients kicking and screaming into Apple back in 2003. If I wasn’t so “obsessive” then, they would have missed out on the iPod 49:1 money train.

So there’s a reason for my bullishness. I don’t want you to miss today’s opportunity before it slips away. And time is running out…

The Backbone of This New Industry

The game-changing technology I’m referring to is called the blockchain.

The blockchain is the backbone of the cryptocurrency industry. It tracks the transactions of digital money like a traditional ledger tracks bank transactions.

Here’s why the blockchain will be so revolutionary…

Today, it’s the transaction system for the burgeoning digital currency industry…

But soon, you’ll be able to conduct all kinds of other transactions on the blockchain—from trading stocks to buying real estate.

And you’ll be able to do it in a fraction of the time and cost that it takes to do them today.

Here’s an example of what I’m talking about…

In September, I told my readers about the first international trade deal ever conducted over the blockchain.

The trade was facilitated by Barclays Bank. It involved the purchase of $100,000 in butter and cheese.

What’s so amazing about this rather mundane trade?

Normally, trades like this take an average of 10 days to complete. They require hundreds—sometimes thousands—of documents to be signed.

But Barclays completed the trade using the blockchain in a mind-blowing four hours.

The finance trade industry conducts $2 trillion in transactions each year. It’s more than 400 years old. And the blockchain completely changed the game in four hours.

Think of all the savings (and reduced paperwork) this new technology will create for the industry.

That’s what a disruptive technology looks like.

But not everybody recognizes it yet. Just like they didn’t recognize how disruptive the iPod would be.

Flying Completely Under the Radar

The mainstream media hasn’t picked up on the blockchain yet. And few in the public even know what it is. (Ask your family and friends if they’ve ever heard of it; the answer is likely “no.”)

So now is the perfect time to get in: when the technology is about to take off… but right before the herd comes storming in.

If you wait too much longer… you’ll be too late.

For the Skeptical Among You…

Not convinced this technology is set to explode?

Well, there’s more… Events are unfolding quickly. In addition to the Barclays trade in September:

The Depository Trust & Clearing Corporation (DTCC) announced just this month that it would start replacing its databases with bitcoin-based blockchain technology. (DTCC handles $11.7 trillion in credit swaps alone.)

The Sydney Stock Exchange has declared its intention to move to blockchain settlement.

And that’s just a small sampling of what’s going on right now, “hidden in plain view.”

The writing is on the wall, my friends. The blockchain is rapidly becoming a reality.

Soon, the mainstream media and public at large will be hip to it. But by then, the upside will be gone… So the timing is urgent.

That’s why I’m going to hold your feet to the fire.

And that’s why I’ll continue to pound away until you realize this opportunity… Just like I did with my clients back in 2003 until they saw the light about Apple.

If you’d like to play this trend, I recommend you buy a small amount of bitcoin. Many of the blockchain technologies arising today are based on Bitcoin’s technology.

But Bitcoin isn’t the only blockchain I’m currently bullish on. There’s another one that’s poised to become the “next Bitcoin.”

It runs on a new blockchain—a “blockchain for everything”—created by a former Bitcoin programmer. And major tech titans IBM, Samsung, and Microsoft have just bought in (Microsoft “greenlighted” millions of developers to work on it).